01/18/94 - Laserfiche WebLink

Home

Case #2: 1994 Community Development Block Grant (CDBG) Funds Zoning Administrator Frolik stated that $9,000 of CDBG funds were allocated to pave the trail at Central Park. It will take $19,000 more to complete the trail unless some of the work is done in-house; that amount would be reduced to $10,000. There is a request for $30,000-for Topographic Mapping, $20,000 for Storm Water Management Plan Update, $2,000 for the Community Emergency Action Program, $1,000 for ARC of Anoka County, $3,000 for Alexandra House, $2,000 for Rise, Inc., $2,000 for Meals on Wheels, and $3,000 for the Senior Outreach Program. She explained that a public hearing is scheduled for February 8, 1994, and at that time Council will make the allocations for the funds. She added that the funds can also be banked and rolled over to the next year. Chief Auspos stated he would like to see the Alexander House get their funding as their work is very helpful and is a long-term benefit to the City. Councilmember Hardin stated he would like to see some dollars set aside for renovation of the old school house. He stated the City has the only original brick school house in the state and such an asset should not be wasted. It could be used as a learning center or museum. Chief Auspos stated that he and Parks/Utlifies Coordinator Boos had talked about the school house and that it should be moved to one of the City's park sites and be set-up for a learning center. City Administrator Schroeder stated that the City had requested, but did not receive, a grant to move the building. The Park and Recreation Commission have discussed this project briefly and felt they and the Economic Development Commission should discuss this further. Ms. Frolik stated that the cost of moving the building would not qualify for CDBG funding. Councilmember Peterson stated there are some planning items the City has to deal with also. Case #3: Participation in the Minnesota Municipal Money Market Fund Finance Officer Hart stated that the Minnesota Municipal Money Market Fund (4M Fund) is a professionally managed money market fund. It enables Minnesota cities to pool short- term investable monies and earn high money market rates while maintaining safety of principal. She stated she has a past and positive experience participating in this fund. Councilmember Hardin inquired about the funds being insured. Ms. Hart explained that the funds are insured and 110% collateralized. Councilmember Hardin inquired about transaction fees to which Ms. Hart explained there are none. Motion by Councilmember Hardin and seconded by Councilmember Beyer to recommend Council adopt the resolution authorizing entry into a Joint Powers Agreement in the form of a Declaration of trust establishing an entity known as "Minnesota Municipal Money Market Finance Committee/January 18, 1994 Page 2 of 4